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Citroen

Citroen

Industry: 
Automotive
Symbol: 
UG:FP
Country: 
France
Contact Information: 

tel: (33) 01 40 66 55 11

Sources: 

"Saipa says its recent agreement to establish a 50:50 joint venture with Citroen, will see a major push on value-added localisation to achieve a 70% domestic component supply within two years. The Iranian-Franco deal will see the JV include the whole value chain, from the design stage through to vehicle marketing, with manufacturing at the Kashan plant, which will be 50% owned by PSA Groupe. News of Saipa's localisation drive comes as Iran's government looks to place domestic manufacture at the heart of overseas interest in the country following the lifting of decades-old sanctions against the Middle East country... 'In the first year we will have at least 35% localisation [with Citroen] and by two years we will increase it to 70%,' Saipa corporate business development, general manager, Ali Momeni, told just-auto from Tehran... The Saipa-Citroen JV will invest more than EUR300m (US$335m) in manufacturing and R&D capacity during the next five years, with the agreement reinforced by technology transfers. It will take effect following the signature of the definitive agreement, scheduled for late 2016, while the end of the ramp-up of the first Citroen vehicle will be reached in 2018 in the Kashan plant." (Just Auto, "Saipa-Citroen deal part of Iran push for "added value supply," 8/10/2016).

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“Iranian car manufacturing company Saipa is in talks with France's PSA Peugeot Citroen and Renault, Germany's Mercedes-Benz, and Sweden's Volvo to finalize deals on joint production of cars in Iran, Saipa officials announced on Tuesday.  Saipa CEO Saeid Madani announced that the company is in negotiations with PSA Peugeot Citroen to sign a deal, but at the same time noted that any deal would depend on the ongoing talks between Tehran and world powers over the country's peaceful nuclear energy program. He made the remarks on the sidelines of a ceremony held here in Tehran to unveil the production line of a new Volvo truck in Saipa Diesel factory.” (Tasnim, "Iran's Saipa Negotiating with European Automakers," 5/12/15)

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"Citroen C5...has already received the necessary permit from the Institute of Standards and Industrail Research of Iran (ISIRI) as well as the Department of the Environment to enter the Iranian market." (Zawya. "Iran: Citroen C5 Import From Sept." 6/19/2006)

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"Citroen and SAIPA, the Iranian carmaker have signed a contract for the production of Citroen Xantia in the SAIPA factories in Iran for the Iranian car market, making SAIPA part of Citroen's strategy for international development in central Asia." (AutoWeb. "Citroen to Produce the Xantia in Iran." 3/23/2000)